As of early April this year, the average labor pension in Russia amounted to 10.4 thousand rubles. This is approximately 38% of the average wage. Sadly, although, for example, in India, state pensions are received only by former civil servants. Most of the Chinese in old age are also not receiving pensions and can only rely on their savings and support of children.
We suggest considering Top-10 countries with the highest pensions , where pension provision is at least half of the salary.
- 10. Czech Republic
- 9. Portugal
- 8. Finland
- 7. Slovenia
- 6. Turkey
- 5. Italy
- 4. Austria
- 3. Spain
- 2. Luxembourg
- 1. Greece
10. Czech Republic
Retirement benefitsin this country make up about 50% of wages. The retirement age for men comes at 61 years, for women at 58 years. The life expectancy of men and women is 79 and 81.8 years, respectively.
In far from the most prosperous European country, pensioners receive on average 54% of their previous salary. The retirement age for men and women is the same - 65 years with an average life expectancy of about 84 years.
Finns receive almost 58% of their salaries on a pension. The retirement age in Finland is 65 years. The average life expectancy is 84 years. Provide such a high level of pension benefits working population, whose share is 68.4%.
Pensioners in this country receive more than 62% of their salaries. The retirement age for men comes in 63 years for men and 61 for women. The average life expectancy in Slovenia is 82 years.
The pension gives Turkish pensioners 64.5% of their salary, while women retire at 58 and men in 60. Mothers who have 5 or more children, which in this country are not uncommon, retirein 48 years. The average life expectancy in Turkey is 77 years.
The Italian pension is 64.5% of the salary, and the retirement age is 59 years for men and women. The average life expectancy of Italians is 84 years. The share of the working population in the country is at the level of 57%.
Austrian pensioners receive approximately 77% of their previous salary. The retirement age is 65 for men, 60 for women with an average life expectancy of 82.5 and 85.4 years, respectively.
Despite the crisis in the economy, Spain maintains a decent level of pensions. Pensioners here receive 81% of their previous earnings, and the retirement age for all is 65 years. The average life expectancy in Spain is 84.5 years.
It is quite pleasant to be pensioners in this small European country, the average pension is 87% of the previous income. The retirement age for both sexes is 60 years. The average life expectancy in Luxembourg is 82 years.
Surprisingly, the most crisis-ridden European country continues to support with the highest level of pension provision. The size of the Greek pension is almost 96% of the previous income. True, the level of wages is considered one of the lowest in Europe. The retirement age in Greece comes at 57 years for men and women.